UPDATE: County Assessor seeing quicker increases in property values

UPDATE:

It’s not shocking to hear that property values in Lancaster County are on the rise.

But County Assessor Rob Ogden said he’s seen a quicker increase in value in recent years.

“I would say that the last four years have been a period of significant increase in values on homes,” Ogden said.  “As much as I’ve seen in my 35–40 years in the business.”

Ogden said he thinks our market has been impacted by low interest rates, more people looking to buy homes than there are willing to sell and the increasing cost of building materials.

Of course, higher valuations means higher property taxes.

But he said there is some good to come out of it.

“If you’re in a market to sell, that’s good news because your value — your equity — is increasing,” Ogden said.  “In the Midwest, where we’re at, we’re very stable.  So it’s good news that your value’s going up on your property.”

Ogden said between the limited number of homes and the price range, it’s difficult for young people who are trying to find their first home.

If you’re thinking about selling, or have any other concerns about your property’s value, Ogden said you can file with the Lancaster County Clerk until July 1 and the Board of Equalization can give a free review.

You can contact them by calling (402) 441-8724 or by visiting: http://lancaster.ne.gov/clerk/prop.htm

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Lancaster County Assessor Rob Ogden said he’s seen a quicker increase in property values in recent years.

“I would say that the last four years have been a period of significant increase in values on homes,” Ogden said.  “As much as I’ve seen in my 35–40 years in the business.”

Ogden said he thinks our market’s been impacted by low interest rates, more people looking to buy homes than there are willing to sell and the increasing cost of building materials.

Of course, higher valuations means higher property taxes.

But he said there is some good to come out of it.

“If you’re in a market to sell, that’s good news because your value — your equity — is increasing,” he said.  “In the Midwest, where we’re at, we’re very stable.  So it’s good news that your value’s going up on your property.”

Ogden said it does make it difficult for young people who are trying to find their first home though.

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